Automotive Rally Continues With Strong Sales

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U.S. automakers reported strong sales in January, a time of year that's normally slow for the industry.

General Motors also recorded a 91 percent jump in profit in the fourth quarter. The company says it will issue $9,000 profit-sharing checks to 48,000 of its employees.

The auto industry is in the midst of a rebound after the recession brought many of the large automakers to the brink of collapse several years ago.

CNN business correspondent Maggie Lake tells Here & Now's Robin Young that an improving economy and low gas prices have convinced consumers to buy new cars.


This segment aired on February 4, 2015.


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